Stifel Nicolaus reissued their hold rating on shares of Werner Enterprises, Inc. (NASDAQ:WERN) in a report released on Sunday. The brokerage currently has a $36.00 price target on the transportation company’s stock.

WERN has been the topic of several other research reports. Bank of America Corporation reiterated an underperform rating and issued a $30.00 target price (up previously from $25.00) on shares of Werner Enterprises in a report on Monday, July 10th. Zacks Investment Research upgraded shares of Werner Enterprises from a sell rating to a hold rating in a report on Saturday, July 8th. Deutsche Bank AG restated a hold rating and set a $32.00 price objective (up previously from $25.00) on shares of Werner Enterprises in a report on Wednesday, August 9th. BidaskClub downgraded shares of Werner Enterprises from a strong-buy rating to a buy rating in a report on Wednesday, July 19th. Finally, Morgan Stanley restated an overweight rating and set a $32.00 price objective (up previously from $30.00) on shares of Werner Enterprises in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Werner Enterprises has a consensus rating of Hold and a consensus target price of $32.33.

Werner Enterprises (WERN) opened at 35.55 on Friday. The firm has a 50-day moving average of $33.85 and a 200-day moving average of $29.40. The stock has a market capitalization of $2.57 billion, a PE ratio of 32.32 and a beta of 0.90. Werner Enterprises has a 52-week low of $21.45 and a 52-week high of $37.00.

Werner Enterprises (NASDAQ:WERN) last announced its earnings results on Monday, July 24th. The transportation company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The firm had revenue of $519.50 million for the quarter, compared to the consensus estimate of $521.63 million. Werner Enterprises had a net margin of 3.90% and a return on equity of 7.97%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS. On average, equities analysts expect that Werner Enterprises will post $1.24 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.07 per share. The ex-dividend date is Friday, September 29th. This represents a $0.28 annualized dividend and a dividend yield of 0.79%. Werner Enterprises’s dividend payout ratio (DPR) is currently 25.45%.

In other news, CEO Derek J. Leathers sold 12,244 shares of Werner Enterprises stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $30.02, for a total transaction of $367,564.88. Following the sale, the chief executive officer now directly owns 228,780 shares in the company, valued at approximately $6,867,975.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jim S. Schelble sold 7,500 shares of Werner Enterprises stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $226,275.00. Following the sale, the vice president now owns 55,306 shares in the company, valued at $1,668,582.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,000 shares of company stock worth $1,593,570. 34.70% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of WERN. LS Investment Advisors LLC boosted its position in shares of Werner Enterprises by 17.2% during the 2nd quarter. LS Investment Advisors LLC now owns 3,636 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 533 shares in the last quarter. Advantus Capital Management Inc boosted its position in shares of Werner Enterprises by 3.2% during the 1st quarter. Advantus Capital Management Inc now owns 5,730 shares of the transportation company’s stock valued at $150,000 after acquiring an additional 178 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Werner Enterprises by 2.7% during the 1st quarter. Public Employees Retirement System of Ohio now owns 6,257 shares of the transportation company’s stock valued at $164,000 after acquiring an additional 163 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Werner Enterprises by 190.5% during the 2nd quarter. Royal Bank of Canada now owns 7,430 shares of the transportation company’s stock valued at $218,000 after acquiring an additional 4,872 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of Werner Enterprises by 11.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 8,530 shares of the transportation company’s stock valued at $223,000 after acquiring an additional 880 shares in the last quarter. Institutional investors and hedge funds own 64.10% of the company’s stock.

About Werner Enterprises

Werner Enterprises, Inc is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division.

Analyst Recommendations for Werner Enterprises (NASDAQ:WERN)

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